Tianfeng Securities: Maintain Buy Rating on Xingye Technology

Jin10 reported on October 6th that Tianfeng Securities released a research report on October 1st stating that they have adjusted the profit forecast for Industrial Technology (002674.HK) and maintained an "overweight" rating. Considering the weak domestic sales, the profit forecast has been slightly adjusted, estimating the net profit attributable to the parent company for 2025-2027 at 140 million, 180 million, and 200 million yuan (originally 150 million, 180 million, and 230 million yuan); PE ratios are 32x, 26x, and 23x respectively.